While you were sleeping: Italy’s chaos boosts US Treasuries, sinks equities

Tue, 29 May 2018

By Margreet Dietz May 30 (BusinessDesk) - US Treasuries rallied, while equities on both sides of the Atlantic dropped amid concern that political turmoil in Italy might pose a threat to the eurozone and prompt the US Federal Reserve to slow its interest rate hike trajectory. Wall Street weakened. In 2.45pm trading in New York, the Dow Jones Industrial Average shed 2 percent, while theNasdaq Composite Index dropped 0.8 percent. In 2.30pm trading, the Standard & Poor’s 500 Index retreated 1.4 percent. US financial markets had been closed...

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